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Blue SpruceCorporation purchased a patent from MaFee Corp. on January 1, 2020, for $88,350. The patent had a remaining legal life of15years. PrepareBlue Spruce's journal

Blue SpruceCorporation purchased a patent from MaFee Corp. on January 1, 2020, for $88,350. The patent had a remaining legal life of15years. PrepareBlue Spruce's journal entries to record the 2020 patent purchaseand amortization for the year.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

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